How much interest will $35,000.00 earn in one year if the interest rate is 6 1/2%?

Name: How much interest will $35,000.00 earn in one year if the interest rate is 6 1/2%?
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Question

Quizplus · Accepted Answer

To calculate the interest earned in one year at a rate of 6.5%, use the formula: Interest = Principal × Rate. Here, the principal is $35,000 and the rate is 6.5% or 0.065 in decimal form. So, the interest earned is $35,000 × 0.065 = $2,275.

How Much Interest Will $35,000